Marex shifts focus to core services, divesting WBS while doubling down on equity market-making capabilities.
Financial services firm Marex Group (Marex) has completed the acquisition of UK equity market maker Winterflood Securities and announced a conditional agreement to divest Winterflood’s custody arm, Winterflood Business Services (WBS), to London-based private equity firm Epiris . The acquisition strengthens Marex’s UK cash equities operations WBS provides outsourced dealing, settlement and custody services to a b